Philadelphia, PA 19143,5861 CEDAR AVE
Philadelphia, PA 19143,5861 CEDAR AVE
Philadelphia, PA 19143,5861 CEDAR AVE
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$299,000
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2,088 SqFt
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5861 CEDAR AVE Philadelphia, PA 19143

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Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,088 sqft

Price per Sqft $143

MLS Listing ID PAPH2561794

Style Straight Thru

Abv Grd Liv Area 2,088

Year Built 1920

Available Date 2025-11-28

Annual Tax Amount $1,900

Tax Year 2025

Lot Size 1,413 Sqft

Acres 0.03

Lot Dimensions 18.00 x 79.00

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

INVESTOR OPPORTUNITY: Turnkey Duplex in Historic Cobbs Creek with Strong Cash Flow Potential!

Welcome to 5861 Cedar Ave, a spacious, renovated duplex in the vibrant Cobbs Creek neighborhood of West Philadelphia. Each 2 bedroom, 1 bathroom unit is just over 1000 sqft. This corner unit, end of row property has a full unfinished basement accessible from the outside which provides lots of untapped potential.

The property was newly renovated in 2020 and it has been very well maintained since then with some of the appliances still in like new condition. This duplex is completely turnkey and move in ready.

The property is being sold vacant so it is perfect for a house hack (primary residence) or an investment property. The previous tenants were paying $1390 for the lower unit and $1360 for the upper unit. Current Section 8 rents in the area are as high as $1660 for a 2 bedroom unit. The cash flow potential on the property is fantastic.

Schedule a showing today before the opportunity is scooped up!

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning RM1

Rooms

Basement Full, Unfinished

Interior

Hot Water Electric

Heating Central, Forced Air

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Stone

Above Ground Finished SqFt 2088

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 032134101

Ownership Fee Simple

SqFt Source 2088

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard


Bright MLS (BMLS)
Christopher Sooy
Christopher Sooy

REALTOR® | License ID: NJ. 1751199 PA. RS353263

+1(856) 985-8900 | cesooy@gmail.com

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5861 CEDAR AVE